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3 years ago

Owner's withdrawals:______.

Business

1 answer:

MArishka [77]3 years ago

8 0

Answer:

Owner's withdrawals:______.

a) decrease owner's equity.

Explanation:

The withdrawals made by the owner of an entity reduces his or her equity interest in the entity. Owner's withdrawals are transfers of cash from the business to its owner. They are not expenses of the business and do not appear in the income statement. Instead, withdrawals may occur when an organization is spinning off extra cash or when the owner has an immediate personal need for the funds. The forms of business organizations that allow for withdrawals by the owners are the partnership and the sole proprietorship.

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Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta

Shkiper50 [21]

Answer:

The revenue from sales to be recognized by Shaw is $390,000

Explanation:

A) Journal entry to record the sale on January 2, 2017

Date Particulars Debit Credit

January 2, 2014 Accounts Receivable $410,000

Sales Revenue $370,000

Unearned Service Rev $40,000

Being the recording of sales and unearned service revenue

Cost of Goods Sold $300,000

Inventory of Merchandise $300,000

B) Shaw should recognise the following Revenue from Sales to Ricard

Sales Revenue $370,000

Service Revenue (3/6 x $40,000) <u>$20,000</u>

Due to the fact that accounts end March 31st, $390,000

2017, only 3 months will be accounted for under

service revenue for the year

Therefor the revenue from sales to be recognized by Shaw is $390,000

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3 years ago

All the following statements describe the flexibility available to the owner of a universal life insurance policy EXCEPT: Group

miv72 [106K]

Answer:

Policy loans are permitted on an interest-free basis.

Explanation:

The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person

So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest

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3 years ago

Clients are increasingly asking advertisers for ______, agreements on campaign-specific outcomes and consensus on how the effect

Minchanka [31]

Answer:

accountability metrics

Explanation:

Accountability metrics are used by companies to measure the specific financial results of marketing campaigns. Marketing campaigns are expensive and require a lot of resources, both financial and labor resources, and as competition between producers increases, so does competition among marketing firms. The best way a marketing firm can increase its clients is by showing that their campaigns are effective, so every dollar invested by their clients will generate positive returns.

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3 years ago

Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic

algol13

Options:

a. 14.58%

b. 12.83%

c. 15.46%

d. 16.33%

e. 16.92%

Answer:

Correct option is A.

14.58%

Explanation:

After-tax yield = pre-tax yield x (1- marginal rate)

and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)

Hence Taxable-equivalent yield =.105/(1-.28)

=.105/.72=.14583333

=14.58 %

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3 years ago

Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to A) promote the positive aspects of moderate b

Verdich [7]

Answer: B. promote responsible drinking and curb underage drinking before it starts.

Explanation:

Anheuser-Busch Companies, LLC is simply a brewery company as it produces alcoholic drinks.

Corporate Social Responsibility is when companies contribute a positive impact to the economy. This can be in form of giving scholarships to students, construction of infrastructure etc.

Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to promote responsible drinking and curb underage drinking before it starts.

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3 years ago